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Alpine Income Property Trust Inc

Alpine Income Property Trust Inc

PINE
$21.75USD↑+2.59%+0.55 today

MARKET CAP

359.4M

P/E (TTM)

—

FWD P/E

56.0x

DAY RANGE

$21 – $22

52W RANGE

$13
$22

AI Summary

Stalk
StalkMedium

PINE remains in a Stage 2 advancing trend, reinforced by a recent momentum breakout above the mid-March range and supported by rising EMAs and DMAs. However, price is extended above the 9/21 EMAs with overbought RSI, suggesting a shallow pullback is likely before continuation. Execution should be deferred to pullbacks into the rising EMAs or prior breakout zone, ensuring acceptance and minimizing risk of rejection.

  • ↑Q1 2026 revenue reached $18.4 M (+29.6% YoY); FFO 53¢ (+20% YoY)
  • ↑Occupancy at 99.5%; top tenants like Lowe’s and Walmart cover half of base rent
  • ↓Elevated leverage raises borrowing-cost risk if interest rates climb
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Alpine Income Property Trust, Inc. (NYSE: PINE) is a real estate investment trust (REIT) that focuses on acquiring and managing a diversified portfolio of single-tenant net lease properties. With a particular emphasis on high-quality tenants, primarily from the investment-grade category, Alpine operates within the competitive landscape of the retail real estate sector. The company’s strategic approach aims to balance higher-yield acquisitions with quality tenant partnerships, thereby enhancing overall profitability while maintaining a diversified income stream.

Bull says

  • ↑Q1 2026 revenue reached $18.4 M (+29.6% YoY); FFO 53¢ (+20% YoY)
  • ↑Occupancy at 99.5%; top tenants like Lowe’s and Walmart cover half of base rent
  • ↑2026 investment guidance raised by $100 M to $170–200 M, backed by a robust pipeline
  • ↑Quarterly dividend increased 5.3% to $0.30/share; AFFO payout ratio at 57%
  • ↑Analyst consensus remains Buy with price targets implying material upside
  • ↑Undervalued book-to-price and strong growth/dividend yield factors support upside

Bear says

  • ↓Elevated leverage raises borrowing-cost risk if interest rates climb
  • ↓Negative profitability trend suggests challenges sustaining FFO and AFFO
  • ↓Investment-grade tenant share dropped from 81% to 66%, increasing cash-flow volatility
  • ↓Competitive acquisition market could delay asset deployment and growth
  • ↓High short interest and low institutional ownership signal investor skepticism
  • ↓Rising rates threaten loan portfolio yields and could strain dividend coverage

Investment themes with PINE

Retail REITs↑ +0.51%

KIM · REG · FRT

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-24-2026bullish

Transcript signals

Bull points

  • We are pleased to report a strong first quarter in 2026, building on a record level of investment activity we achieved in 2025.
  • During the quarter, we acquired a retail property in downtown Aspen, Colorado for $10 million, structured as a 50-year absolute triple net master lease and initial cap rate of 8.5% with 1.25% annual rent escalators.
  • As a result of our combined first quarter property transactions, our property portfolio consists of 125 properties totaling 4.3 million square feet across 31 states with a 99.5% occupancy in a waltz of 9.3 years.
Read full transcript analysis ›